Panama Canal Eases Shipping Limits to Resolve Bottleneck
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Oil prices dip as US output resumes post-storm and rig count increases
Oil prices declined after US Gulf of Mexico crude production resumed following Hurricane Francine, and data indicated a weekly increase in the US rig count. Brent crude futures closed at $71.61 per barrel, a decrease of 36 cents, or 0.5%. US West Texas Intermediate (WTI) crude settled at $68.65 per barrel, down by 32 cents, or 0.5%. With production and refining activities on the US Gulf Coast restarting, investors chose to offload oil contracts ahead of the weekend. Bob Yawger, the director of energy futures at Mizuho in New York, explained that investors were cautious, suggesting that by Mo..
Fadnavis: Farmers to Gain Income from Solar Pump Electricity Sales
Maharashtra’s Deputy Chief Minister, Devendra Fadnavis, announced that he would soon introduce a scheme allowing farmers to sell surplus electricity generated by their agricultural solar pump panels to the grid, thereby creating an additional income source for them. This announcement was made during the inauguration of an MSEDCL website intended for registering beneficiary farmers under the scheme. Additionally, Fadnavis released an informative booklet and poster outlining the details of the scheme. Fadnavis noted that before 2014, farmers faced significant challenges with delayed electric..
Nagpur: Property tax receipts remain undelivered
The Nagpur Municipal Corporation (NMC) faced a setback in its property tax collection efforts for the 2024-25 fiscal year, as more than one-third of tax demand bills delivered to India Post were returned undelivered. Of the 564,188 tax invoices issued across ten zones, 189,190 (or 33.53%) were returned by the postal department due to reasons such as incorrect addresses and locked homes. In an effort to improve tax collection, NMC had entered into an agreement with India Post to deliver tax invoices to property owners' addresses, paying Rs 32 per article for this service through India Post’s ..